Core Alternative Capital Sells 16,222 Shares of Target Corporation $TGT

Core Alternative Capital lessened its position in Target Corporation (NYSE:TGT) by 82.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,507 shares of the retailer’s stock after selling 16,222 shares during the quarter. Core Alternative Capital’s holdings in Target were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Forza Wealth Management LLC grew its position in Target by 135.2% in the 4th quarter. Forza Wealth Management LLC now owns 12,215 shares of the retailer’s stock worth $1,194,000 after purchasing an additional 7,021 shares during the last quarter. Composition Wealth LLC boosted its position in shares of Target by 7.6% during the 4th quarter. Composition Wealth LLC now owns 5,631 shares of the retailer’s stock valued at $550,000 after acquiring an additional 397 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Target during the 4th quarter valued at about $40,009,000. Robertson Stephens Wealth Management LLC boosted its position in shares of Target by 713.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 34,497 shares of the retailer’s stock valued at $3,372,000 after acquiring an additional 30,254 shares in the last quarter. Finally, Danske Bank A S boosted its position in shares of Target by 11.7% during the 4th quarter. Danske Bank A S now owns 232,598 shares of the retailer’s stock valued at $22,736,000 after acquiring an additional 24,400 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TGT. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $145.00 in a research report on Wednesday, March 4th. BNP Paribas Exane boosted their price target on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Wells Fargo & Company boosted their price target on shares of Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $91.00 to $116.00 in a research report on Wednesday, March 4th. Finally, Bank of America began coverage on shares of Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $117.39.

Target Trading Down 0.5%

Shares of NYSE TGT opened at $129.06 on Friday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10. The company has a market cap of $58.61 billion, a PE ratio of 15.87, a P/E/G ratio of 5.37 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $120.55 and a two-hundred day moving average of $106.55.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts expect that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target’s payout ratio is currently 56.09%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.